It's legal and 5 percent sounds too cheap. Most event organizers would be happy to pay more than that. You should have a professionally written disclaimer, and your agreement with those operating events who post on your site should include an indemnity provision.
If you'd like to discuss, please feel free to call. Jeff Gold Gold, Benes, LLP 1854 Bellmore Ave Bellmore, NY 11710 Telephone -516.512.6333 Email - Jgold@goldbenes.com
This sounds fine..I agree 5% sounds low.
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